Arab Today, arab today air france results hit by record pilots strike
Last Updated : GMT 18:20:30
Arab Today, arab today
Arab Today, arab today

Air France results hit by record pilots' strike

Arab Today, arab today

Arab Today, arab today Air France results hit by record pilots' strike

An Air France plane
Paris - AFP

Air France on Wednesday said its third quarter results had taken a bashing due to a record pilots' strike, with turnover falling by 416 million euros ($530 million).
The Air France-KLM group, Europe's second-biggest airline, was already in difficulty when the pilots went on strike between September 15 and 28 in protest at the group's plans to expand its low-cost subsidiary Transavia France.
Half the carrier's fleet was grounded during the protest. In September, passenger traffic fell by 15.9 percent and cargo by 17.7 percent.
The strike is estimated to have cost 330 million euros on Air France's operating income, which stood at 247 million euros against 641 million a year earlier.
Turnover fell to 6.69 billion euros, a 6.7 percent fall, it said.
The strike also came at a most inopportune time, said Air France finance director Pierre-Francois Riolacci with eurozone economies  failing to emerge from the doldrums as some experts had predicted they would at the start of this year.
"We are still in a sluggish economy," he told AFP. "It hasn't been easy for the aviation business with overcapacity in some sectors," he said, singling out Asia and North America.
This he said, fuelled competition and brought down prices, thereby affecting profits.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today air france results hit by record pilots strike Arab Today, arab today air france results hit by record pilots strike

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today air france results hit by record pilots strike Arab Today, arab today air france results hit by record pilots strike

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday